Progressive politicians and activists are championing bold proposals to address climate change, the racial wealth gap, unemployment, and healthcare. Unsurprisingly, such efforts have elicited pushback from ideological opponents and even those sympathetic to their goals who worry they are infeasible and unserious. This new wave of policy vision has coincided with an upsurge in interest in and debate on modern monetary theory, or MMT, a school of economic thought that offers a powerful and operationally accurate answer to the question of how will these big ideas, and all other government spending, be paid for. Rohan Grey, the founder and president of the Modern Money Network, will explain the basics of MMT, how law illuminates the realities of our monetary and financial systems, and how lawyers can use this understanding to create a more equitable and democratic society.
In addition to his work with the Modern Money Network, Rohan is the Director of Research at the Digital Fiat Currency Institute, the Assistant Director of the Law and Money Initiative, a member of the board of directors of the National Jobs for All Coalition, a Research Fellow at the Binzagr Institute for Sustainable Prosperity, and a member of the Association for the Promotion of Political Economy and the Law (APPEAL). He is a JSD Candidate at Cornell Law School and previously an attorney for children in family court matters in New York City.